Settlement establishes a framework for social improvement, cultural appreciation, revenue era and institutional strengthening for the Mura Indigenous communities of AutazesStructured governance and steady dialogue mechanisms to observe implementation throughout all 37 Mura villages
MANAUS, Brazil, March 23, 2026 (GLOBE NEWSWIRE) — Brazil Potash Corp. (“Brazil Potash” or the “Company”) (NYSE-American: GRO), a mineral exploration and improvement firm advancing the Autazes potash venture in Amazonas State, Brazil (the “Autazes Project” or “Project”), in the present day introduced that Potassium do Brasil, its Brazilian working subsidiary, has formalized a Time period of Dedication and Cooperation with the Mura Indigenous Council (Conselho Indígena Mura — “CIM”), establishing a framework for joint motion geared toward sustainable territorial improvement and the development of residing circumstances in indigenous communities within the municipality of Autazes, in Amazonas.
The signing was attended by representatives of Potassium do Brasil, together with Venture Director Raphael Bloise and the technical workforce, in addition to CIM leaders together with Basic Coordinator Kleber Mura, Deputy Coordinator Adnelson Mura, and Secretary Basic Matilde Mura, together with authorized counsel for the Council.
Raphael Bloise, Venture Director of Potassium do Brasil, commented:
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“This agreement reinforces our commitment to building, in a responsible and transparent way, a long-term relationship with the communities in the territory. Our goal is to contribute to a development that generates shared value, respecting local culture, rights and priorities.”
The Basic Coordinator of the CIM, Kleber Mura, added:
“This agreement ensures that our voice continues to be heard and that the benefits reach our communities directly. It is a decisive step for the Good Living of our 37 villages.”
The settlement is a part of the broader suite of initiatives related to the Autazes Venture, a strategically vital endeavor for Brazilian meals safety that may contribute to home fertilizer manufacturing and cut back the nation’s dependence on potash imports.
Strengthening the Bem Viver Mura Program
The Cooperation Settlement gives the inspiration for strengthening the Bem Viver Mura Program, an initiative structured to assist motion throughout 4 pillars: social improvement, cultural appreciation, revenue era, and institutional strengthening. The deliberate actions are designed to enhance high quality of life inside the communities concerned, with full respect for his or her socio-cultural specifics, methods of life, and the territorial dynamics of the area.
Commitments and Rules of Motion
The settlement is grounded in ideas of fine religion, transparency, respect for indigenous rights, and steady dialogue, and is aligned with the rules of Conference No. 169 of the Worldwide Labour Group (“ILO”) and worldwide greatest practices for engagement with indigenous peoples. The session and engagement course of with communities continues to evolve with a concentrate on lively listening, collaborative options, and respect for the total range of views throughout the territory.
Governance and Monitoring
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The Cooperation Settlement establishes monitoring mechanisms and structured dialogue, together with common interplay between the events to trace the implementation of actions and promote changes over time. The governance framework is designed to make sure transparency, predictability, and ongoing participation all through the Venture’s improvement cycle.
BOOT Energy Provide Preparations
As beforehand disclosed, the Firm entered right into a non-binding memorandum of understanding (the “MOU”) with Fictor Energia S.A. (“Fictor”) for a build-own-operate-transfer (“BOOT”) energy provide association for the Autazes Venture, considering the development and operation of an roughly 300 MW energy era facility at an estimated building price of roughly US$200 million. The MOU has lapsed in accordance with its phrases and has not been renewed or prolonged. The Firm is actively engaged in discussions with different energy provide suppliers relating to comparable BOOT or different energy provide preparations for the Autazes Venture. There will be no assurance that the Firm will be capable of enter right into a definitive energy provide settlement on acceptable phrases, or in any respect.
Going Concern
Brazil Potash filed its annual report on Type 20-F for the fiscal yr ended December 31, 2025 with the U.S. Securities and Alternate Fee on March 23, 2026. As disclosed within the Type 20-F, the audited consolidated monetary statements for the fiscal yr ended December 31, 2025 contained an audit opinion from the Firm’s unbiased registered public accounting agency that included an emphasis of matter paragraph referring to substantial doubt concerning the Firm’s means to proceed as a going concern. This announcement is made pursuant to Part 610(b) of the NYSE American Firm Information, which requires a separate public announcement of the receipt of an audit opinion containing a going concern emphasis. This announcement doesn’t signify any change or modification to the Firm’s audited consolidated monetary statements or its annual report on Type 20-F for the fiscal yr ended December 31, 2025.
In regards to the Mura Indigenous Council (CIM)
The Mura Indigenous Council is the consultant entity of the Mura folks in Autazes, performing within the defence of collective rights, cultural appreciation and institutional strengthening of their communities.
About Brazil Potash
Brazil Potash (NYSE-American: GRO) (www.brazilpotash.com) is growing the Autazes Venture to provide sustainable fertilizers to one of many world’s largest agricultural exporters. Brazil is crucial for international meals safety because the nation has amongst the very best quantities of contemporary water, arable land, and a perfect local weather for year-round crop development, however it’s weak because it imported over 95% of its potash fertilizer in 2024, regardless of having what’s anticipated to be one of many world’s largest undeveloped potash basins in its personal yard. The potash produced shall be transported primarily utilizing low-cost river barges on an inland river system in partnership with Amaggi (www.amaggi.com.br), considered one of Brazil’s largest farmers and logistical operators of agricultural merchandise. With an preliminary deliberate annual potash manufacturing of as much as 2.4 million tons per yr, Brazil Potash’s administration believes it might probably provide roughly 20% of the present potash demand in Brazil. Administration anticipates 100% of Brazil Potash’s manufacturing shall be offered domestically to scale back Brazil’s reliance on potash imports whereas concurrently mitigating roughly 1.4 million tons per yr of GHG emissions.
Ahead-Trying Statements Disclaimer
All statements, aside from statements of historic reality, contained on this press launch represent “forward-looking statements” and are based mostly on the cheap expectations, estimates and projections of the Firm as of the date of this press launch. The phrases “plans,” “expects,” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “does not anticipate,” or “believes,” or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “may,” “could,” “would,” “might,” or “will be taken,” “occur” or “be achieved” and comparable expressions establish forward-looking statements. Ahead-looking statements embody, with out limitation, statements relating to the Cooperation Settlement and the Bem Viver Mura Program, the Brazil Potash monetary statements and going concern emphasis, the lapse of the memorandum of understanding with Fictor and the Firm’s means to enter into different BOOT or energy provide preparations for the Autazes Venture, the standing of the Firm’s venture, authorities regulation and environmental regulation. Ahead-looking statements are essentially based mostly upon a variety of estimates and assumptions that, whereas thought of cheap by the Firm as of the date of such statements, are inherently topic to vital enterprise, financial and aggressive uncertainties and contingencies. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, besides to the extent required by relevant regulation. The reader is cautioned to not place undue reliance on forward-looking statements.
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